Tejas Networks Faces Continued Decline Amid Broader Sector Weakness and Market Challenges

Feb 28 2025 12:45 PM IST
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Tejas Networks has faced a significant decline, with shares dropping for five consecutive days, totaling a 14.25% loss. Despite this, the company outperformed its sector, which declined by 7.2%. The stock is trading below all key moving averages, indicating a bearish trend amid broader market challenges.
Tejas Networks, a midcap player in the IT - Hardware sector, has experienced a notable decline today, with shares dropping by 5.09% as of February 28, 2025. This downturn marks the fifth consecutive day of losses for the company, accumulating a total decline of 14.25% over this period.

Despite today's performance, Tejas Networks managed to outperform its sector, which has seen an overall decline of 7.2%, by 1.35%. The stock reached an intraday low of Rs 704, reflecting a significant drop of 5.1%.

In terms of moving averages, Tejas Networks is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past month, the stock has faced a steep decline of 17.76%, contrasting sharply with the Sensex, which has only fallen by 3.30%.

These performance indicators highlight the challenges faced by Tejas Networks in the current market environment.
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